Credit cards with zero interest rates or low interest credit cards come in two forms. The first one having an introductory zero interest period and the second type having a low ongoing APR (annual percentage rate). For choosing between the two options, it is vital to know how long the card holder wants to use the card. If the card holder wants just a onetime big purchase and then plans to discontinue the use of the credit card then the zero percent introductory APR is a better option.

Zero interest rate credit cards help the card holder to get out of debt while saving money. Even though the no interest promotion lasts for a short period of time still it can help save hundreds in interest charges while reducing your total debt at the same time. There are different card options available as discussed below.

Hot Credit Card Offers

Hot Credit Card Offers

Type

Brand

Annual Fee

APR

Cashback
Bonus

Details/Apply

The First Progress Platinum Elite MasterCard(R) Secured Credit Card

MasterCard(R)

$29

19.99%

N/A

* This online application
is subject to the terms and conditions as described in the Important
Information Section of the application.

Secured credit card

Secured credit cards are ideal for rebuilding or establishing the credit history. They give the card holder a credit line unlike prepaid cards. Acquiring a secured credit card is easier as the funds deposited at the applicant’s bank are used as collateral for the credit card. The card holder can rebuild his credit history by making monthly payments on time to all the creditors and by maintaining the balances under the credit limit. Secured cards are easy to get even with a bad credit history and are accepted wherever major credit cards are accepted.

Cash back credit cards

Cash back credit cards feature programs that offer rebate incentives or cash back. A credit card of this type rewards the card holder with cash back incentives and rebate programs. Credit cards which give cash rebates and incentives require a very good to excellent credit rating for approval.

Airline and travel credit cards

Travel credit cards offer hotel and travel rewards to its card holders. The card holder can earn reward points or frequent flyer miles when he travels or spends. These reward points or frequent flyer miles can be redeemed for free nights at hotels or for airline discounts. If the card holder is a frequent flyer or travels a lot, a travel or an airline credit card can help to save money.

Emergency Credit Cards

Mostly, credit card issuers send a replacement card or cash if the card holder’s card is lost or stolen abroad. However, interest would be charged on the cash.

Benefits of Credit Cards

Balance transfers by Credit cards

A lot of credit cards offer reduced rates for debts transferred over from another credit card. The introductory credit card rates on balance transfer credit cards last normally for six months but several credit cards offer zero interest rates for more than nine months.

Flexible borrowing

The major attraction hat credit cards offer is that they allow you to borrow any time. They are far more flexible than loans.

Conclusion

Most of the credit cards give you zero interest rate on purchasing. These interest free spells can be as long as 60 days. Some credit cards shower their holders with reward vouchers and points which they can redeem against services and goods. A handful of credit cards offer free travel insurance, only if you pay a heavy annual credit card fee.

At DontSpendMore.com, you can apply for your credit card online and receive an instant approval, where possible. That’s about as easy as it gets.

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